SPONSORED:

GOP negotiators meet on ObamaCare market fix

GOP negotiators meet on ObamaCare market fix
© Getty Images

Top Republican negotiators on a bill to stabilize ObamaCare markets met on Thursday to discuss a way to bridge the gap between House and Senate measures.

GOP Sens. Lamar AlexanderAndrew (Lamar) Lamar AlexanderThe Hill's 12:30 Report: Trump holds his last turkey pardon ceremony The Hill's Morning Report - Presented by the UAE Embassy in Washington, DC - Trump OKs transition; Biden taps Treasury, State experience The Memo: Trump election loss roils right MORE (Tenn.) and Susan CollinsSusan Margaret CollinsTwo more parting shots from Trump aimed squarely at disabled workers Trump transition order follows chorus of GOP criticism The Memo: Trump election loss roils right MORE (Maine) met with House Energy and Commerce Committee Chairman Greg WaldenGregory (Greg) Paul WaldenHillicon Valley: Leadership changes at top cyber agency raise national security concerns | Snapchat launches in-app video platform 'Spotlight' | Uber, Lyft awarded federal transportation contract Lawmakers urge FCC to assist in effort to rip out, replace suspect network equipment OVERNIGHT ENERGY: Barrasso to seek top spot on Energy and Natural Resources Committee | Forest Service finalizes rule weakening environmental review of its projects | Biden to enlist Agriculture, Transportation agencies in climate fight MORE (R-Ore.) to discuss an effort to get ObamaCare stability measures included in a coming long-term government funding bill due in March, known as an omnibus.

“We actually think we're very close,” Alexander told reporters. “We hope it will be part of the omnibus.”  

“We're comparing notes on the bills,” he added.

Walden discussed a bill from Rep. Ryan CostelloRyan Anthony CostellloBottom Line Trump struggles to stay on script, frustrating GOP again Bottom line MORE (R-Pa.) which seeks to stabilize markets and bring down premiums by providing funding known as reinsurance.

ADVERTISEMENT

That measure is similar to a bill backed by Collins in the Senate, but there are some differences that need to be bridged. For example, the Costello bill provides more funding: $10 billion per year compared to $5 billion per year in Collins’s bill.

Alexander called Costello’s measure a “very promising proposal.”

“We were very impressed with the work that Rep. Costello has done and hope that it could be a part of what the House decides to do,” Alexander said.

House Republicans were a major impediment to passing the stabilization bills in December, when Collins secured a commitment from Senate Majority Leader Mitch McConnellAddison (Mitch) Mitchell McConnellImmigration, executive action top Biden preview of first 100 days Spending deal clears obstacle in shutdown fight McConnell pushed Trump to nominate Barrett on the night of Ginsburg's death: report MORE (R-Ky.) to support them in exchange for her vote for tax reform.

But GOP lawmakers have been warming to the proposal recently, particularly the reinsurance funding.

Some conservatives still oppose that idea as a “bailout” for ObamaCare.

Another obstacle is abortion politics. Republicans are adamant that the Hyde Amendment, which restricts federal funding for abortions, be included in the stabilization measures, but Democrats are against anything they view as an expansion of the restrictions.

“Lowering premiums for hardworking Americans remains one of Chairman Walden’s top priorities and he appreciates Rep. Costello, Senator Alexander, and Senator Collins’ continued work on these issues,” an Energy and Commerce Committee spokesman said.